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Pros and Cons of Leasing a Go-Fast

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Old 04-12-2006, 02:36 PM
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Default Re: Pros and Cons of Leasing a Go-Fast

HMMMM,,, a dozen or so Super-boat 30 Y2k's w/ 496 mags for 55K a piece.... that would make a nice rental fleet...

But for 25 k per year to lease a boat,, you could probably afford an outer limits at that price.. Most boat loans are 10-15 years, Anybody who has that kind of money ( 75K ) to throw down on a 3 year lease isn't going to be tooling around in a 30'er.. Even our boating season is 7-8 months, i'm not gonna spend 16 K a year to lease a boat, I would just buy...

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Old 04-12-2006, 02:41 PM
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Default Re: Pros and Cons of Leasing a Go-Fast

Yep, thats the idea. After 2-3 years you have a fleet of boats that cost you nothing, you can either sell or continue to lease.
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Old 04-12-2006, 03:02 PM
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Default Re: Pros and Cons of Leasing a Go-Fast

Insurance is not the Leasors problem.
BMW dont care if my car is insured.
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Old 04-12-2006, 03:02 PM
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Default Re: Pros and Cons of Leasing a Go-Fast

I think before your try to do the math if you can make money or not, do some homework on insurance. Cost and if you can even get it.
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Old 04-12-2006, 03:25 PM
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Default Re: Pros and Cons of Leasing a Go-Fast

1 word comes to mind, LIABILITY! Joe shmo leases the boat, takes idiot friends out, Joe gets tanked, and hurts/kills one of the idiots! Dead Idiot's family sues Joe Shmo, and the LEASING Co.!
End of story!
Unfortunately, that's how the world seems to work these days!
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Old 04-12-2006, 03:28 PM
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Default Re: Pros and Cons of Leasing a Go-Fast

Dean, I know NY law changed for that.
I'm guessing this is just speculation and we are doing our homework here and now.

Even if you leased it for $1000/mo for 36mo you'd still have a 3yr old boat that cost you $19,000.(approx)
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Old 04-12-2006, 04:20 PM
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Default Re: Pros and Cons of Leasing a Go-Fast

Quote:
Originally Posted by Dean Ferry
1 word comes to mind, LIABILITY! Joe shmo leases the boat, takes idiot friends out, Joe gets tanked, and hurts/kills one of the idiots! Dead Idiot's family sues Joe Shmo, and the LEASING Co.!
End of story!
Unfortunately, that's how the world seems to work these days!
Dean


It is know different than leasing a car, truck, plane, forklift ect...ect...
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Old 04-12-2006, 04:35 PM
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Default Re: Pros and Cons of Leasing a Go-Fast

Quote:
Originally Posted by Stormrider
Even if you leased it for $1000/mo for 36mo you'd still have a 3yr old boat that cost you $19,000.(approx)
There was a 3yr old 29 Baja (100k ?) at my marina a few years ago.....I would not have given the guy 19k for it......and he loved his boat


How about asking Chris Reidel (?) or the guy that was leaseing the Apache for Poker Runs?
Would be interesting to here from someone who has tried it before.
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Old 04-12-2006, 04:37 PM
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Default Re: Pros and Cons of Leasing a Go-Fast

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Originally Posted by tomtbone1993
It is know different than leasing a car, truck, plane, forklift ect...ect...

What, that someone couldn't sue the owner of the boat leasing co. if a person got hurt on one of his LEASED boats? The guy leasing the boat doesn't OWN it, he's just leasing it from the boat leasing co. I know that the leasee is resonsible for providing the insurance, (If he can get it) on the boat, BUT people are going to sue everybody associated with the boat, unfortunately!
I can't the risk vs reward upside on this idea, IMO.
Good luck,
Dean
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Old 04-12-2006, 04:38 PM
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Default Re: Pros and Cons of Leasing a Go-Fast

I know with big fishing boats they set up franchises or time shares. Ive gotten offers at the office but never really looked into it. If I get another Ill post it.
Not sure if those were captained boats though, wouldnt be hard to do in that case.
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